Sign up | Log in



Home  >>   Daily News  >>   Singapore News  >> Economy  >> Singapore's headline inflation rises 1.8% on-year in June
NEWS UPDATES Asean Affairs   24 July 2013  

Singapore's headline inflation rises 1.8% on-year in June

SINGAPORE: Singapore's headline inflation edged up for the second straight month in June, on the back of rising petrol pump prices.

The Monetary Authority of Singapore (MAS) said CPI-All Items inflation climbed 1.8 per cent year-on-year in June, up from 1.6 per cent in May.

Singapore's headline inflation had reached a three-year low of 1.5 per cent in April.

Rising petrol pump prices were a key contributor in June, increasing after three consecutive months of price corrections. But electricity tariffs remained 7.2 per cent lower compared to a year earlier.

Overall, MAS said the price of oil-related items fell by 1.0 per cent in June, compared to a larger decline of 4.4 per cent in May.

Services inflation also gained strength, coming in at 2.7 per cent in June from 2.5 per cent in May. MAS said this is due to rising costs for medical insurance and holiday travel.

Food inflation was stable at 2.0 per cent, but prices of meals at hawker centres and restaurants rose at a slightly faster pace, compared to non-cooked food items.

Private road transport cost fell 2.1 per cent in June. It had dropped 3.7 per cent in May.

MAS said this moderation reflects the smaller drop in COE premiums in May on a year-on-year basis, as the market continued to adjust to policies introduced in February.

Accommodation cost inflation was 4.8 per cent in June, down from 5.1 percent in May.

MAS core inflation, which excludes the costs of accommodation and private road transport, stayed at 1.7 per cent in June. A pickup in services inflation was offset by lower prices in retail-related items like clothing and footwear.

Looking ahead, MAS said domestic cost pressures are expected to persist over the rest of the year.

As such, MAS said core inflation is expected to rise moderately in the second half of the year and average 1.5 per cent to 2.5 per cent in 2013.

Imputed rentals on owner-occupied accommodation will continue to add significantly to CPI-All Items inflation although MAS believes the pace of increase will be slower in the second half of this year.

Car prices are significantly lower following the introduction of the various motor vehicle-related policy measures, although they have picked up recently.

As a result, the MAS said it has revised its CPI-All Items inflation forecast for the year down to 2-3 per cent, from 3-4 per cent previously.  

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    24 July 2013 Subsribe Now !
• Thai bourse’s H1 performance exceeds targets, beating regional markets Subcribe: Asean Affairs Global Magazine
• Rupiah suffers deepest drop in 13 months Asean Affairs Premium
• Myanmar frees around 70 political prisoners: official
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Singapore's headline inflation rises 1.8% on-year in June
• Cooperation between ASEAN Secretariat and Asia-Europe Foundation Can Yield Mutual Benefits
• Laos posts trade surplus with Vietnam
• Green light for Nghi Son refinery-petrochem project
Asean Analysis            24 July 2013 Advertise Your Brand
• Asean Analysis- July 24, 2013
• Asean Weekly:The Biweekly Update 12 July 2013
Asean Stock Watch     23 July 2013
• Asean Stock Watch-July 23, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand